Technical Analysis: Stocks Still Stuck | Internet News

Technical Analysis: Stocks Still Stuck

Written By
Paul Shread
Paul Shread
Jun 21, 2006
1 minute read


The Dow (first chart below) struggled for the fourth straight day at the major resistance level of 11,030-11,050, and market internals were decidedly weak. A lot for the market to overcome here. To the downside, the 200-day moving average at 10,892 is important support. The S&P (second chart) faces resistance at 1245, 1252, 1255 and 1262, and support is 1235-1237, 1230 and 1219-1220. The Nasdaq (third chart) faces resistance at 2125 and 2150, and support is 2090-2100 and 2065. Long bond yields (fourth chart) are still creeping higher.






Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.